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How does the Automatic/ Systematic Investment Plan (AIP/ SIP) work?

April 26, 2017AIP automatic Investment Plan SIP systematic

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How does the Automatic/ Systematic Investment Plan (AIP/ SIP) work?

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Select the option “SIP” followed by “Create a Systematic Investment Plan”. Select the fund name and the scheme. A screen will appear with the details of that scheme similar to that in the Purchase screen. In addition to these details you will have to fill up the frequency with which the investments will be made and the start date. From the date specified a fixed amount will be debited to your bank account. An email will be sent showing the details of the amount invested and the entry in your portfolio will be displayed within T+3 days. You can however enter into only one plan per scheme.